ATR NEWS....
FOR IMMEDIATE RELEASE
The Miller Richmond Company Announces Four Lease Transactions
for the Atlanta Market
October 17, 2006
Atlanta, GA – The Miller
Richmond Company, an Atlanta-based commercial real estate
brokerage firm, is pleased to announce
that it has successfully negotiated 50,000 square feet
of office leases and a 40,000 square foot office / warehouse
lease on behalf of four different clients in the Atlanta
market. The clients included:
• Sanuwave, a medical
device company focused on the utilization of Extracorporeal
Shock Wave Technology,
subleased 15,025 square feet of office space from Hagemeyer
North America, Inc. at 11680 Great Oaks Way.
• Suzuki Learning Center
Of Buckhead, Inc, a private pre-school, leased an entire
office building at 443 East
Paces Ferry for a total of 19,208 square feet.
• US Franchise Systems,
Inc, a hotel franchisor, renewed its office lease for
15,852 square feet at 13 Corporate
Square.
• Value Music Concepts,
a retailer of CDs, DVDs and related products, renewed
its office / warehouse lease
for 40,366 square feet at 825 Franklin Court.
David Rubenstein and Bogue Miller, Principals with The
Miller Richmond Company represented these clients in their
respective lease transactions.
According to Mr. Miller, “each of these clients
has an expanding business with specific functional and
geographic space requirements. Despite the improving leasing
market that we are seeing throughout Atlanta, we were able
to secure ideal solutions that afforded flexibility and
functionality at relatively low rental rates. It’s
still a good time to be a tenant in metro-Atlanta.”
Mr. Rubenstein added, “We
are doing business across the country and still find
that Atlanta offers good value
for the rent dollar relative to other major U.S. markets.
The concessions we saw twenty-four months ago may have
diminished, but continued vacancies and relatively cheap
and available land are still keeping effective rents in
check.”
About The Miller Richmond Company
The Miller Richmond Company (www.millerrichmond.com) is
a twenty-two year-old commercial real estate brokerage
firm based in Atlanta, GA. The firm specializes exclusively
in tenant representation for office, industrial, and healthcare
real estate transactions. The firm is a member of The Alliance
of Tenant Representatives (ATR), a national real estate
brokerage network of tenant representative specialists.
For more information, contact:
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